Forty-two State Street Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Forty-two State Street Inc is a 501(c)(3) organization based in Belleville, New Jersey, registered in 1992, with $51,879 in FY2024 revenue. CharityIndex grades it F.
7 Sanford Ave, Belleville, NJ, 07109 EIN 52-1792593 Since 1992
Revenue (FY2024)
$52K
▲ 10.6% vs prior year
Expenses (FY2024)
$98K
Net assets
$208K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Forty-two State Street Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating25 mo reserves · -90% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Forty-two State Street Inc: 25 mo reserves · -90% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Forty-two State Street Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Forty-two State Street Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 7 Sanford Ave, Belleville, NJ, 07109
- City
- Belleville
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $24K (FY2011) to $52K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $98KNet assets $208K
Operating margin
-89.9%
Spent more than it raised in the latest fiscal year.
Total assets
$305K
Total liabilities
$98K
Net assets
$208K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $51,879▲10.6% | $98,495▲51.4% | $207,849▼18.3% | $305,427▼22.8% | 990EZ |
| 2023 | $46,916▼0.1% | $65,043▲32.8% | $254,465▼6.6% | $395,533▲7.9% | 990EZ |
| 2022 | $46,949▲24.3% | $48,975▼23.1% | $272,592▼0.7% | $366,456▼3.0% | 990EZ |
| 2021 | $37,761▲9.0% | $63,670▲18.2% | $274,618▼8.6% | $377,867▲5.8% | 990EZ |
| 2020 | $34,638▼24.0% | $53,871▲18.3% | $300,526▼6.0% | $357,152▼10.0% | 990EZ |
| 2019 | $45,606▲13.7% | $45,532▼9.8% | $319,759 | $396,937▲7.6% | 990EZ |
| 2018 | $40,115▼5.5% | $50,491▼4.3% | $319,686▼3.1% | $368,922▲1.2% | 990EZ |
| 2017 | $42,443▼9.7% | $52,734▲22.0% | $330,062▼3.0% | $364,413▼3.6% | 990EZ |
| 2016 | $46,980▼0.7% | $43,219▼16.5% | $340,353▲1.1% | $377,859▲0.3% | 990EZ |
| 2015 | $47,326▼0.6% | $51,760▼28.7% | $336,591▼1.3% | $376,700▼2.2% | 990EZ |
| 2014 | $47,603▲72.6% | $72,629▲82.2% | $341,026▼6.8% | $385,242▼2.4% | 990EZ |
| 2013 | $27,578▼27.7% | $39,865▲34.3% | $366,052▼3.2% | $394,755▼1.5% | 990EZ |
| 2012 | $38,152▲57.7% | $29,694▼34.0% | $378,339▲2.3% | $400,926▲4.3% | 990EZ |
| 2011 | $24,196 | $44,986 | $369,881 | $384,393 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Forty-two State Street Inc a legitimate nonprofit?
- Yes. Forty-two State Street Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1792593, based in Belleville, New Jersey. Donations are tax-deductible.
- What is Forty-two State Street Inc's EIN?
- Forty-two State Street Inc's Employer Identification Number (EIN) is 52-1792593.
- How much revenue does Forty-two State Street Inc report?
- Forty-two State Street Inc reported $51,879 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Forty-two State Street Inc have?
- CharityIndex grades Forty-two State Street Inc F, based on financial health (reserves and operating margin).
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Data for Forty-two State Street Inc (EIN 52-1792593) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.